One More Correction For Gold Before ‘Substantial Rally’ — Chart This!

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Kitco News speaks with Gary Wagner to wrap this positive week in the gold market. Wagner says that although gold hitting a 2-week high on Thursday is noteworthy, it was also expected. “We will see one more corrective wave before we go into a fairly substantial rally in about 2-3 months,” he adds. In his previous interview, Wagner’s analysis looked at how to locate key pivot points in the marketplace. This week, he will show gold traders techniques and models used to forecast some of the key levels he is looking at for gold. “We’re looking at the market right now, in terms of our current forecast, to run anywhere between $1,342 and $1,362 on the high side.” Tune in now for a more in-depth look at the gold market with Gary Wagner. Kitco News, April 11, 2014.

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